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Domestic/Imported Urad Flat At Major Markets

17 Jan 2020 7:23 pm
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Mumbai (Commodities control) – Domestic Urad prices were quiet for second straight day at major markets on Friday, as per quality, due to weak buying despite decreasing arrivals.

Similarly, Burma Urad was flat at Mumbai, Delhi and Kolkata pulses market as buyers were cautious at prevailing rates. Even in processed Urad trade activity was quiet.

On other hand, Chennai pulses market remained closed due to Pongal.

Meanwhile, Jaipur high court has postponed hearing on pulses import restriction till January 20, 2020 for Customs clearance issue to containers of urad which was imported against the stay order.

Buyers have been cautious eversince the government raised import quota of urad to 4 lakh tonnes, from 1.5 lakh tonnes, for the fiscal year 2019-20.

As per trade source, prices of Urad are likely to get support due to lower output, declining arrivals. Also the supply of Urad from Burma, under quota, is unlikely to touch Indian port before March end.

Spot New Raw Black Matpe ( Urad) Prices In Key Indian Markets:



(By Commoditiescontrol Bureau; +91-22-40015513)


       
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